Gartley pattern complete, potential further downside for GBPJPY
Looking for further downside of rGBPJPY as the gartley pattern has completed which showed a pretty good downside as price had also retested a trendline which it previously down from.
The TPs are listed on the chart itself, TP 1 being 145.45 and TP 2 being 144.480
Important price range to observe price action would be 145.08 to 145.48
Fundamental news regarding the Brexit deal/negotiations and the potential rate hike in August will greatly affect the direction of the Pound.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter.
The TPs are listed on the chart itself, TP 1 being 145.45 and TP 2 being 144.480
Important price range to observe price action would be 145.08 to 145.48
Fundamental news regarding the Brexit deal/negotiations and the potential rate hike in August will greatly affect the direction of the Pound.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter.
تم فتح الصفقة
TP 1 HIT! Price retested an extension of the channel before dipping down!Look out for price action at the CZ to see if price will hit TP 2!
أغلقت الصفقة: تم الوصول للهدف
TP 2 HIT! Price retraced to 147 level after hitting TP . If you extended the channel lines, you will notice that it was a retest and would have been an optimum entry point.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.